Vaanex
We checked Vaanex against the AskCheck register. It has been reported (2021) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Vaanex claims to be a member of Vanex Limited, a liability company licensed and regulated by the Vanuatu Financial Services Commission (VFSC). We indeed found an authorised entity named "VANEX LIMITED", but VFSC provides neither authentication details nor domains of registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Vaanex. Probing further into this broker, we deem that Vaanex is a scam firm that falsely uses regulatory information of the licensed entity. We downloaded its MT5 platform and noticed that this broker is owned by a BVI-based company named "Vaanex Group Company Limited" rather than "VANEX LIMITED." So Vaanex may be a clone firm of the VFSC-regulated entity. Moreover, we didn't find any matching results in the registers of the British Virgin Islands Financial Services Commission (BVI FSC). So Vaanex is actually not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Vaanex.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.